The former global head of trading at Royal Bank of Scotland has joined alternatives boutique Voltaire Capital as a senior adviser.

Peter Rading left RBS in early 2013 after a 25-year career trading currencies, fixed income and equity derivatives "for personal reasons”.

He spent the majority of his career at RBS, having worked at NatWest before the two banks merged in 2000.

Voltaire was set up in June 2013 by managing principal Krishan Rattan, a former global head of alternative capital solutions, with the aim of stepping into markets where regulatory capital requirements have forced banks to retreat.

It is currently negotiating with several banks to take over market-making activities that do not justify the amount of capital required to support them. Voltaire did not reveal the names of the banks or give any other details on its plans.

Rading believes that capital markets are about to undergo a transformation, a view which influenced his decision to join Voltaire on an advisory basis. He said: “The regulators want to see alternatives to large, too-big-to-fail banks. Having smaller operators, specialising in certain niches, benefits that and makes the system more robust.”

Rading said he is proud of the quarter century he spent in banking but added he felt it was now time for some fresh blood on the sellside: “It is a time for a new generation that is less jaundiced and biased about what has happened in recent years.”

At the time of his departure, RBS was in the regulatory spotlight over Libor-fixing. There is no suggestion that Rading was involved.

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In a statement, Voltaire said Rading would work with its team across all of its investment activities and strategic growth plans, but would focus on investment opportunities in the capital markets.

Krishan Rattan, managing principal of Voltaire Capital said: “Peter’s experience in capital markets will provide valuable insight for us on the many investment opportunities we are exploring. We are excited to have him join Voltaire and look forward to developing our business with him as part of the team.”